U.S. Bancorp: Fixed Rate Preferreds Now Yield Over ~7% With Strong Credit Profile
Seeking Alpha says U.S. Bancorp fixed-rate preferred shares now yield over 7% following recent interest-rate increases. It notes that the common equity cushion and preferred payout ratios support dividend safety, while most fixed-rate preferreds trade below par.
Why it matters — USB watchers may care because the article highlights preferred-share yields and factors it cites as supporting preferred dividend safety.